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shrink

Survey: Small retailers feeling insecure

Video surveillance, more, would allay fears, they say
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04/10/2014

BOCA RATON, Fla.—Small retailers aren’t feeling too physically secure these days.

Global shrink report highlights loss prevention investment

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11/12/2013

LONDON—Retail shrink is on the rise around the world, to the tune of $112 billion with merchandise falling prey to shoplifting and employee theft.

Family Dollar uses Checkpoint system to reduce shrink

7,900 stores will use system by the end of next year
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10/21/2013

THOROFARE, N.J.—Checkpoint Systems’ electronic article surveillance systems will be deployed in all of Family Dollar’s 7,900 stores by the end of 2014, Family Dollar says.

New 'benefit-denial approach' to retail shrink

Product renders products useless unless purchased
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05/13/2013

RICHMOND, Va.—Best Buy and a major, undisclosed office-supply retail chain are testing a new consumer-friendly packaging approach to combat theft, all the way from the supply chain to the showroom.

Amazon warehouse worker lawsuit can proceed, court rules

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05/13/2013

SEATTLE, Wash.—Attorneys representing warehouse workers for online retail giant Amazon.com estimate some 100,000 people are owed more than $100 million in back wages and penalties for time spent on security lines, according to an article from The Morning Call, an Allentow

Retailers use employee-theft databases to combat shrink

Checks and balances in place for how data is used, NRF says
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04/15/2013

YARMOUTH, Maine—To counteract big losses from employee theft, some loss prevention experts in the retail industry are turning to mammoth databases to track employees accused of stealing retail merchandise.

Report raises awareness about return fraud and abuse

Employee collusion is rampant, but Big Data can help
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02/25/2013

IRVINE, Calif.—A new report from The Retail Equation, a developer of retail transaction solutions, examines the extent of the damage inflicted on retailers by return fraud and abuse, which drains between $8.9 billion and $17.2 billion from the U.S.

Vector Security partners with Risk Management Services to improve loss prevention

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02/19/2013

PITTSBURGH—National account retailers stand to benefit from a partnership between a loss prevention service and a security systems integrator.

Goodwill stores shift to IP surveillance

The move aids non-profit’s battle against shrink
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11/19/2012

WINSTON-SALEM, N.C.—Goodwill stores are a shopping destination for many a bargain-hunter and that’s good news for the non-profit, whose re-sale proceeds go toward programs to help those with employment challenges improve their economic self-sufficiency.

Seasonal retail workers present challenge to LP officers

Expert offers tips on hiring, follow-up
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11/02/2012

YARMOUTH, Maine—The next two months present the biggest challenge to retail loss prevention specialists, not just because of the increased number of shoppers and volume of sales, but because of the number of temporary employees on the floor.

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